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QTCE (.0002) Forges Ahead with New Biofeed Applications
PrimeZone "PrimeZone "
LONDON, Dec. 20, 2006 (PRIME NEWSWIRE) -- Quantech Electronics Corp. (Pink Sheets:QTCE), software developer for marketing communications, announced that it is has agreed on commercial collaboration with Thought Technologies for the distribution of products based on Quantech's new cutting-edge biofeedback technology.
Thought Technology is the world's largest manufacturer of biofeedback devices, and has sold well over 500,000 biofeedback devices in prices ranging from $60 to $14,000 each. The company has a full-time staff of 53 and devote over $1,000,000 on R&D annually.
Quantech's new biofeedback-based emotion detection systems will be offered to its customers an integral part of Quantech's marketing communications solutions. However, Quantech is also developing a range of bio-feedback products to be used by professionals and laypersons in an endless range of uses to improve individual competencies. Biofeedback is a learning process in which people are taught to improve their well-being and performance by observing signals generated by their own bodies. It is scientifically based and validated by studies and clinical practice.
Quantech's new systems recognize emotion by analyzing speech patterns and therefore will provide immediate feedback on the person's emotional state. As a result, the systems can help people learn to control stress, or symptoms of tension, anxiety, fear, slight depression or despondency, in preparation for meetings, exams, presentations and help with concentration. The potential number of users is enormous; for the subgroup of only mild stress or tension sufferers alone accounts for 10 to 15% of the adult population.
"Until now, biofeedback has been based on physiological indicators, but Quantech's new emotion-detection system has the potential of enhancing all existing types of bio-feedback devices, and opens up an entire new segment for the company. Collaboration with Thought Technologies, the leader in the bio-feedback market, will certainly make a meaningful contribution to Quantech's sales potential worldwide," says Liat Matilsky, CEO of Quantech.
About Thought Technology
Thought Technology is the world's leading biofeedback and psycho-physiological instrument manufacturer. The company produces a wide variety of instrumentation to monitor surface electromyography (sEMG), electroencephalography (EEG), electro-cardiology (EKG), skin conductance, temperature, blood volume pulse and respiration.
About Quantech
Quantech Electronics Corp. is a web-based software development company based in the UK, that offers development services focusing on web-based desktop communication tools, call center support tools, and development packages designed to enhance the effectiveness of web-based advertising and instant messaging. The company's powerful, easy-to-use software enhances the effectiveness and efficiency of its customers' online and offline businesses. Driven to provide comprehensive solution packages for their clients' entire online business needs, Quantech focuses on customized developments for medium to large businesses, as well as start-ups, Quantech's unique technologies and rapid-response systems construct client infrastructure at competitive prices.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
To contact Quantech or access more information, please visit our web site at www.quan-tech.co.uk
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INTZ (.32) Books $740,000 of TraceCop(TM) Orders
PR Newswire "US Press Releases "
RICHARDSON, Texas, Dec. 20 /PRNewswire-FirstCall/ -- Intrusion Inc. (OTC Bulletin Board: INTZ), ("Intrusion") announced today it received orders totaling $740,000 from the U.S. Government and a U.S. defense contractor for ongoing TraceCop projects. TraceCop is the Company's product that provides abilities to trace the source of cyber based attacks and other types of network crime. These new orders bring this year's total TraceCop orders to $3,130,000.
About Intrusion Inc.
Intrusion Inc. is a global provider of regulated information compliance, entity identification systems, data privacy protection products, and network intrusion prevention and detection solutions. Intrusion's product families include the Compliance Commander(TM) for regulated information compliance, data privacy protection and identity theft prevention, TraceCop identification and location system, Intrusion SpySnare(TM) for real-time inline blocking of spyware and unwanted P2P applications, and Intrusion SecureNet(TM) for network intrusion prevention and detection. Intrusion's products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. For more information, please visit http://www.intrusion.com .
This release, other than historical information, may include forward- looking statements regarding future events or the future financial performance of the Company. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: the difficulties in forecasting future sales caused by current economic and market conditions, the effect of military actions on government and corporate spending on information security products, spending patterns of, and appropriations to, U.S. government entities, the impact of our cost reduction programs and our refocused product line, the difficulties and uncertainties in successfully developing and introducing new products in emerging markets, market acceptance of our products, the impact of our sustained losses on our ability to successfully operate and grow our business, increase our stock price, our ability to generate sufficient cash flow or obtain additional financing on acceptable terms in order to fund ongoing liquidity needs, the highly competitive market for our products, the effects of sales and implementation cycles for our products on our quarterly results, difficulties in accurately estimating market growth, the consolidation of the information security industry, our ability to expand revenues through indirect sales channels, the impact of changing economic conditions, business conditions in the information security industry, our ability to manage acquisitions effectively, our ability to manage discontinued operations effectively, the impact of market peers and their products as well as risks concerning future technology and others identified in our Annual Report on Form 10-KSB, as amended, and other Securities and Exchange Commission filings. These filings can be obtained by contacting Intrusion Investor Relations.
Financial Contact Michael L. Paxton, VP, CFO 972.301.3658, mpaxton*intrusion.com
Media Contact Jay Barbour, Vice President of Marketing 972.664.8107, jbarbour*intrusion.com
SOURCE Intrusion Inc.
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AMEP(.06) American Energy Production Inc. Delays Meeting Dec 20, 2006 6:27:00 PM Copyright Business Wire 2006
MINERAL WELLS, Texas--(BUSINESS WIRE)--
American Energy Production Inc. (the "Company") (OTCBB:AMEP) has announced today that the Special Meeting of Shareholders originally scheduled for December 29, 2006, as reflected in the Preliminary Proxy Statement filed with the Securities and Exchange Commission (the "SEC") on December 5, 2006, has been delayed while the Company responds to comments received from the Staff of the SEC in connection with the Staff's review of the Preliminary Proxy Statement.
ABOUT AMEP
American Energy Production, Inc. ("American Energy," "the Company," "we," "us") is a publicly traded business development company that is engaged primarily in the investment in other companies that acquire, develop, produce, explore and sell oil and gas. The Company anticipates that the companies it has invested in will be able to sell all oil that it can produce to petroleum refiners and marketers under the terms of short-term purchase contracts and at prices in accordance with arrangements that are customary in the oil industry. Our capital is generally used by our portfolio companies to finance growth and working capital.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by American Energy may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. American Energy assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
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Canyon Copper Closes First Tranche of Private Placement Canyon Copper Corp. (the 'Company' or 'Canyon Copper') (OTCBB: CYOO) is pleased to announce today that that it has now completed the sale pursuant to Regulation S, of 1,160,000 Units of the 5,000,000 unit private placement announced on December 18, 2006. The financing has been provided by two corporate investors who are not US persons, in exchange for 1,160,000 units at a price of $0.25 per unit. Each unit consists of one share of the Company's common stock and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional share of the Company's common stock at a price of $0.30 per share for a period of one year from the date of closing. The proceeds of $290,000 will be used to pay corporate indebtedness and for general corporate purposes.
About Canyon Copper
Canyon Copper Corp.'s New York Canyon Property is located in the New York Canyon area of the Santa Fe Mining District, Mineral County, Nevada. The project hosts oxide and sulphide copper bearing mineralization outlined by historical operators. The most advanced of these zones is the Longshot Ridge copper oxide deposit. This zone has not been completely outlined and remains open in several dimensions. The Copper Queen mineralized zone is located approximately three kilometers west of Longshot Ridge and hosts copper and molybdenum sulphide mineralization. Several additional mineralized areas identified throughout the New York Canyon property have yet to be explored.
On behalf of the Board of Directors,
Canyon Copper Corp.
Bryan Wilson, President
This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. In particular, there is no assurance that the Company will complete any or all of the balance of the private placement announced December 18, 2006.
Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
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Ikona Reports Substantial Revenue Growth for 2006 Company Highlights Achievements of Fiscal Year 2006 Ikona Gear International, Inc. (OTCBB: IKGI) ("Ikona"), an innovator in compact, lightweight, gearing systems solutions, today announced that it has made significant progress in its financial year ended August 31, 2006 as revenues were $464,213 compared with $15,886 for 2005. A majority of the revenue was generated in the 4th quarter from licensing royalties and engineering services as the Company prepared to launch its proprietary products in the Oil & Gas market. The Company also received its first licensee fee for the use of its gear in the automotive industry. The Audit financial statements have been filed in its Form 10KSB with the SEC (www.sec.gov).
The Company plans to commence commercial shipments from January 2007 onwards to fulfill orders resulting from its rapidly expanding pipeline of business. The Company's business development strategy for 2007 is to focus on penetrating lead customers in the Oil & Gas market while expanding the use of its technology by licensees in the automotive sector. The Company has filed patents for the use of its gear technology in a new clutch and differential for the transmission industry and as a result expects to secure a number of commercial relationships with international engineering companies in order to commercialize these new technologies in its target markets.
2006 Highlights included:
-- Received initial orders of $650,000 from customers, for new Oil & Gas drilling products following the launch of the Company's six new gearing products for Oil & Gas exploration at two global petroleum shows. The products enable drilling systems and equipment manufacturers to build more efficient, lightweight, compact systems and equipment, thus enhancing the value they provide to the end users, the drilling rig operators.
-- Raised $1.2 million in new financing.
-- Signed multi-million dollar global licensing agreement with Magna Powertrain for the use of Ikona's gear in the automotive industry. Magna and Ikona executed a Designation Addendum for an application designated as the "Park Brake Actuator," and Magna has paid the exclusivity fee of CAD$200,000 to Ikona. Further applications are currently being tested.
-- Expanded management team through the new key appointments of Vladimir Scekic - Vice President of Business Development, George Stefan - Chief Operating Officer, and Sasha Tesic - Chief Engineer.
-- Signed a potential multi-million dollar development agreement and completed a proto-type first phase development program with a tier one U.S. defense contractor for a satellite pedestal antenna product. Ikona is currently in the second phase of development with a pre-production phase beginning during the third quarter of 2007.
"We have seen significant momentum build in our business during 2006 specifically during the last quarter," said Laith Nosh, CEO. "Our decision to diversify from the automotive sector and other niche markets into the Oil & Gas market has significantly increased our revenue opportunity for 2007."
About Ikona Gear International, Inc.
Ikona Gear is a knowledge-based company focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications, a $100 billion market. The Ikona gear system is better, stronger, more precise and generally superior to standard gearing systems. The Company's unique, patented technology is ideally suited for deep ratio, weight and size constrained applications where often it is the only solution. The Ikona gear technology is the only technology that enables internal gear-sets with only one tooth difference, resulting in a much higher meshing of gears, and significantly higher gear ratios -- very important factors, especially in plastic gearing solutions. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information on Ikona, please visit www.ikona.ca/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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CALGARY, Alberta, Dec 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- FEC RESOURCES INC. (OTC Bulletin Board: FECOF) ("FEC" or "the company") is pleased as the year draws to a close to provide an update on its three major assets.
FORUM ENERGY PLC ("FEP")
On September 26, 2006 FEP announced a significant natural gas discovery. Results from the 3D seismic programme over GSEC101 and its interpretation performed by independent consultants, Count Geophysics Limited, confirmed a minimum of 3.4 TCF proven gas in place from sands tested in the 3 wells drilled to-date and the extension of the structure to a possible closure of 290 sq. km giving an upside reserves in these sands alone of 10 TCF. Additional untested sands, which are known to contain gas, could double this figure. The block also contains 8 additional leads which require further work that has the potential to add a further 20 TCF in aggregate. Forum is in the process of converting the licence to a service contract and further news is expected in the near-term. FEP also continues to develop its other Oil, Gas and Coal Mining Assets within the region.
LASCOGAN MINING CORPORATION - MPSA 148
We are pleased to advise that FEC has now fulfilled its commitment to acquire our 40% interest in the Philippine mining project entered into with Philex Gold, Inc. (TSX Venture: PGI) ("PGI"). As previously reported MPSA148 comprises of 2306 Hectares in the province of Surigao, Mindanao The initial stage of the work program is now complete and FEC'c funding commitment of US$1,000,000 for exploration has been paid in full.
Following the drilling and assay testing carried out to date, one area has been specifically identified as being worth further exploration in order to define its merits. It is anticipated to proceed with this further exploration once the Philippine rainy season ends in February and the weather has improved.
METALORE MINING ("MMC")
Metalore Mining Corporation in which FEC have a 35% holding has been issued with a temporary suspension order relating to all mining operations. The suspension order was issued by the Government for all mining projects in the area despite Metalore being in compliance with local and national environmental regulations. Prior to suspension, the area had been deluged by numerous typhoons in what has been a particularly bad season of weather, thus rendering mining impossible for any prolonged period. The merits of FEC continuing to have an ongoing involvement in this operation are therefore being evaluated.
FINANCIAL
FEC has recently sold 770,000 shares of FEP in order that we might retire an outstanding debenture. This sale has reduced our shareholding in FEP to 32.31%, and has resulted in us paying down the premium and outstanding interest associated with this debenture. The debenture now is simply a loan of $485,000 outstanding, accruing interest at 12% p.a. It is our intention to pay the outstanding balance off in the near future.
CEO STATEMENT
"FEC has made significant progress this year. Our main investment in Forum Energy Plc has shown a considerable upside with the Gas discovery at GSEC101 and we look forward to releasing further news on this in 2007 once the development plans for this asset are released by Forum Energy.
"The joint venture at MPSA148 has also yielded encouraging results with the recent drilling program confirming the presence of gold resources within the block, and approximate 200,000 ounces of gold discovered to date. This is less than initially inferred as according to the analysis of the data provided from the work program conducted on the property, the concentration was not continuous as originally thought. We have also just begun mapping of parcel #2 at Nabago at the very north of MPSA 148 based on some promising preliminary findings. The board has resolved to continue with the exploration in order to establish the potential reserves.
"Metalore Mining continues to experience operational difficulties due to local Government sanctions and extreme weather. We are therefore evaluating the situation and will report further in the New Year.
"Overall we believe 2007 will be a successful year for FEC and our shareholders."
To learn more about the Oil, Gas and Coal assets of Forum Energy Plc visit their website at http://www.forumenergyPLC.com .
FEC Resources Inc. holds a diverse portfolio of Oil, Gas, Coal, Gold and Iron Ore assets located in the Philippines through its shareholdings in Forum Energy Plc, Lascogon Mining Corporation and Metalore Mining Corporation. For further information email info*fecresources.com
On behalf of the Board of, FEC Resources Inc. "Larry W. Youell" Larry W. Youell President and CEO
This release contains "forward looking statements" as per Section 21E of the US Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Management is currently reviewing many options and there is no assurance that they will not make decisions other than those now contemplated. The Company is subject to political risks and operational risks identified in documents filed with the Securities and Exchange Commission, including changing and depressed oil prices, unsuccessful drilling results, change of government and political unrest in its main area of operations
For more information please contact Larry Youell at (403) 290-1676 e-mail info*FECResources.com or visit the FEC Resources website at http://www.FECResources.com .
Copyright (C) 2006 PR Newswire. All rights reserved
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AXGJ (.0065) Signs Agreement to Acquire Assets of Costa Rica Building Company
PR Newswire "US Press Releases "
SAN DIEGO, Dec. 21 /PRNewswire-FirstCall/ -- Axia Group, Inc. (OTC: AXGJ), today announced that it has signed a Letter of Agreement to acquire the assets of JOWA Corporation, a Costa Rica company, in return for preferred stock in AXGJ. JOWA is an established builder of homes and multi-unit complexes using Axia's panel based technology. Axia currently has operations in Sri Lanka and South Central China.
Stated Mr. Jeffrey Flannery, CEO of Axia Group, Inc., "This transaction gives us substantial building contracts using the Axia panel technology in the very strategic region of Central America. From this base, we feel we can expand to the Caribbean, Mexico and even the U.S. The professionals at JOWA are experts with the Axia panel technology and have built every kind of building from single family homes to resorts."
"We still need to complete an audit on JOWA's financial records," Flannery added, "but the company has represented to us that it will complete about $2 million in business in 2006 and hopes to increase that revenue level substantially in the coming years as the need for resort, luxury and residential housing in Costa Rica continues to grow."
Under the proposed terms of the agreement, all current and future contracts would be brought into Axia, while JOWA would be retained to manage the contracts in Central America. JOWA would receive a percentage of each contract as its management fee as well as preferred stock in Axia. Both parties have 60 days to complete the due diligence and execute the final agreement. More information on Axia Group, Inc. can be found at www.axiagroup.info.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of AXGJ officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future AXGJ actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and AXGJ has no specific intention to update these statements.
SOURCE Axia Group, Inc.
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CCMJ (.025) Signs Major International Distribution Agreement with Demon Tweeks
Business Wire "US Press Releases "
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--
CruiseCam International (Pink Sheets:CCMJ) announced today the successful sale and distribution agreement between CruiseCam International and Demon Tweeks of Wrexham, North Wales.
"Demon Tweeks will begin carrying CruiseCam Race Products in their catalogues beginning January 2007," stated Bob Schieferstein Vice-President CruiseCam International. "We are very excited, because this relationship provides CruiseCam with direct access to the European markets, continued Schieferstein"
Demon Tweeks is a supply leader of race wear, competition and road tuning products for cars and bikes throughout the United Kingdom. The Demon Tweeks catalogues are regarded as the leading mail order catalogues within their niche market. Within a staff of over 130 employees is a dedicated sales team servicing approximately 3000 telephone, fax and e-mail inquiries from the U.K and the rest of the world daily. Demon Tweeks is a natural leader of the aftermarket sales in the U.K. due to employing staff that are active car and bike enthusiasts with many of them coming from racing and modifying backgrounds.
Demon Tweeks located in Wrexham, North Wales operates a 100,000 square foot distribution center with worldwide sales, with over 140,000 stocked items on hand. Products may be purchased online at www.demon-tweeks.co.uk or stopping by their expansive showrooms in WrexHam, North Wales.
CruiseCam International will be shipping product to Demon Tweeks in January of 2007.
Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company's judgment as of the date of this release. the company does not undertake to update, revise or correct any forward-looking statements.
Source: CruiseCam International Inc
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FLWE (.07) Receives Final Reserve Report on Carbon County Project
Market Wire "US Press Releases "
BROOMFIELD, CO -- (MARKET WIRE) -- 12/21/06 -- Fellows Energy Ltd. (OTCBB: FLWE) ("Fellows"), an oil and gas company focused on exploration and production of natural gas and oil in the Rocky Mountain Region, announced today that the Company has received the final reserve report that was initially reported on November 21 by the independent engineering firm of MHA & Associates. Fellows and its joint venture partner Thunderbird Energy Corp. each hold a 50% interest in the Carbon County project. MHA & Associates has assigned in excess of 10.5 billion cubic feet (BCF) of gas to proven reserve categories. Proven reserves are made up of approximately 1.3 BCF of proven developed producing (PDP), 2.2 BCF proven developed non-producing (PDNP) reserves, and in excess of 6.9 BCF in the PUD (proven undeveloped) category. Proven reserves plus probable and possible reserves are estimated to be in excess of 25 BCF.
The report shows that over the life of the property, the net income Before Federal Income Taxes (BFIT) solely from the proven reserves is $27.5 million and the Discounted Net Income is approximately $17 million. These forecasts, using "Nymex Forecasted Prices and Costs," are based on reserve estimates and assuming the area of the field encompassing the proven reserves is fully developed by November of 2007. Those economic values do not include any potential contribution from the probable and possible reserve categories. Reserve estimates included in this study were assigned on the basis of the most current SEC and Society of Petroleum Engineers (SPE) and World Petroleum Council (WPC) definitions -- (www.spe.org/spe/jsp/basic/0,,1104_12169,00.html).
"We are very pleased to have this detailed report," said George Young, President of Fellows Energy. "The reserve report showing in excess of 10.5 BCF of gas in the proven reserve category, and net income potential of over $17 million from this one property, shows that we are successfully executing on our plan of acquisitions of properties at conservative prices and increasing production resulting in increased cash flow, and we expect to perform additional work on the project with the aim of expanding the reserve base."
About MHA Petroleum Consultants Inc.
MHA's highly trained professionals work on a wide variety of complex reservoir management problems in almost every petroleum province throughout the world. The typical MHA professional has 20 years in the industry -- 15 of those providing consulting services -- and is professionally registered. We utilize a full complement of computer-related tools available for reservoir description and analysis. Its multi-disciplinary reservoir management team provides a fully integrated analysis of reservoir performance. For additional information please go to www.mhausa.com.
About Fellows Energy Ltd.
Fellows is an early stage oil and gas company led by an experienced management team which is focused on exploration and production of natural gas and oil in the Rocky Mountain Region using both traditional and new technologies. The current strategy is to pursue both short- and long-term opportunities to leverage its large acreage position in the Rockies, which management believes are characterized by reasonable entry costs, favorable economic terms, high reserve potential relative to capital expenditures and the availability of existing technical data. For additional information please go to www.fellowsenergy.com.
Safe Harbor Statement
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. Examples of such forward-looking information would be statements regarding financing, acquisition of properties, and terms including "probable," "possible," or "recoverable" reserves among others. There are many risk factors that could cause our expectations and beliefs to fail to materialize: competition for new acquisitions; availability of capital; unfavorable geologic conditions; the complexity of coal bed methane exploration and production; and prevailing prices for natural gas and general regional economic conditions. Management hopes these transactions will bring additional value to the shareholders of Fellows Energy. There is no guarantee that the projects that Fellows has recently acquired will increase the value of its shares of common stock, or that Fellows will acquire rights to explore and operate any other such projects, or that in the event that it acquires rights to explore and operate other such projects, that these actions will be successful or increase the value of Fellows' common stock.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as probable, possible and potential, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-KSB, File No. 0-33321, available from us at 370 Interlocken Boulevard, Suite 400 Broomfield, Colorado 80021. You can also obtain this form from the SEC by calling 1-800-SEC-0330. Fellows assumes no obligation to update the information contained in this press release.
Contact
Fellows Energy Ltd. George S. Young / Shane Reeves 303-926-4415
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JLNY (.06) Closes 2006 With Merger of Advancing Software Corporation
Market Wire "US Press Releases "
NORTH YORKSHIRE, UK -- (MARKET WIRE) -- 12/21/06 -- Jenna Lane, Inc. (PINKSHEETS: JLNY) is pleased to announce the Company impressively closed 2006 by merging with Propalms Ltd, an advancing software corporation based in the United Kingdom. Propalms, Ltd. provides a software product called Terminal Service Edition, TSE, which is a complete management product for the Microsoft server-based computing environment. TSE allows users to manage and operate all their software applications centrally on their servers rather than on each individual desktop computer. TSE gives users access to any software application from any desktop or handheld device, e.g. Microsoft Windows 95, XP, CE, Linux, Mac, Java.
Over the last year, Propalms Ltd. has accomplished numerous achievements, such as the launching of TSE Version 5.0, which incorporates a server-based printing solution via an OEM agreement with Uniprint, a division of Bell Canada. Some of the major corporations utilizing Propalms software are Price Waterhouse Coopers, Unisource of Canada, and the PCA Corporation, one of Japan's leading Accountancy Software companies. Some other major companies currently utilizing Propalms TSE software are Reynolds Corporation and Bulldog Communications United Kingdom, which is part of the Cable and Wireless group.
"We are very happy with the response that we have been receiving and the momentum that Propalms' products have created. We are proud to be providing the TSE to our new distribution partners throughout the world. This is only the beginning. We expect many more great developments in 2007," stated Owen Dukes, C.E.O. of Jenna Lane, Inc.
Jenna Lane, Inc. will be changing its name and symbol and reincorporate in Nevada. Owen Dukes and Robert Zysblat own a majority interest in Jenna Lane, Inc. and serve as its only directors.
Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Contact: For more information, please visit: http://www.propalms.com or Call Investor Relations + 1-866-THE-APPL(E)
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NIHK (.055) Discusses 2006 Revenue Growth, Focus for 2007
Business Wire "US Press Releases "
SAN ANTONIO--(BUSINESS WIRE)--
Nighthawk Systems, Inc. (OTCBB:NIHK), a leading provider of intelligent wireless power control and emergency notification products, today discussed revenue growth realized in 2006, and discussed areas of focus for 2007.
H. Douglas Saathoff, Nighthawk's CEO, commented, "A sustained sales and marketing effort that began in 2005 continued to produce sales growth from both new and existing customers throughout 2006. Boosted by the large sale to the wireless carrier announced earlier this week, we will close the 2006 year with our strongest quarter of the year, more than double the revenues of the previous year's fourth quarter. Overall, revenues for 2006 will be approximately 70% higher than revenues were for 2005. Revenues throughout the year have come from an almost even mix of orders from new and existing customers, and we will close the year with more and larger opportunities in our pipeline than ever before. The addition of key sales and technical personnel in the last few months has the Company better equipped to provide more complete solutions to larger customers, and generate more revenues. We have a better foundation for growth going into a new year than we've ever had before, and I'm excited about the prospects for a great year in 2007."
Mr. Saathoff continued, "Going into 2007, we have identified many strategic initiatives that we would like to focus on. All of those initiatives are geared toward leveraging the experience of our team as well as existing customer and partner relationships in our markets to further increase sales, produce positive cash flows from operations, and minimize the need for dilutive financing. We'll work with American Messaging, who already serves 98 of the top 100 markets in the United States, to gain direct access to their customers. We recently conducted training sessions with over 100 of their representatives so that they can introduce Nighthawk products to their customers in 2007. They greatly extend our sales and marketing capabilities. Through hardware and software enhancements that are already underway, we will work with existing customers to provide much larger and comprehensive solutions to meet their growing needs for control and automation. Our goal is to be a solutions partner, not just a vendor to our customers. We will seek out opportunities to partner with other manufacturers and service providers to enhance the company's ability to participate in large enterprise sales, and we will continue to extend the recognition of the Company's products and capabilities to new customers by sustaining the sales and marketing programs that have been utilized successfully throughout the current year."
About Nighthawk Systems, Inc.
Nighthawk is a leading provider of intelligent wireless power control products that enable simultaneous activation or de-activation of multiple assets or systems on demand. Nighthawk's installed customer base includes major electric utilities, Internet service providers and fire departments in forty states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations. Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company's website at www.nighthawksystems.com.
Forward-Looking Statements
Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.
Source: Nighthawk Systems, Inc.
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UPDA (.144) Catlin Subsidiary Triples Natural Gas Production in Two Weeks - Total Production Approaching 300 BOE Per Day Dec 21, 2006 6:29:00 AM Copyright Business Wire 2006
DALLAS--(BUSINESS WIRE)--
Universal Property Development and Acquisition Corporation's (OTCBB: UPDA) Catlin Oil and Gas, Inc. subsidiary has increased the natural gas production from its operating wells by 300% during the past two weeks and is currently generating 240 mcfg/day. Combined with increases from other sources, UPDA's total production is now approaching 300 BOE/day.
As the producing wells settle into stable production, UPDA subsidiary Ambient Wells Services, Inc. continues to workover additional wells in the Catlin Field as well as the more than 20 wells in Palo Pinto County and the East Vogtsberger lease in Archer County. With the return of these wells to production, UPDA expects to continue to increase its generation of oil and natural gas through the end of the year and beyond.
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Source: Universal Property Development and Acquisition Corporation
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Universal Property Development and Acquisition Corporation Jack Baker 561-630-2977 (Investor Relations) info*updac.com
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PSVI (.11)Preservation Sciences Forms Strategic Partnership to Expedite U.S. Navy Approval of Company's Innovative Product for Prevention of Industrial Corrosion Business Wire - December 21, 2006 6:30 AM (EDT)
Company Engages Richard Parks Technologies to Directly Address Multibillion-Dollar Military and Industrial Markets
ST. PETERSBURG, Fla., Dec 21, 2006 (BUSINESS WIRE) -- Preservation Sciences, Inc. (Pink Sheets:PSVI), discovering new technologies through natural resources, today announced the formation of a strategic business relationship with Richard Parks Corrosion Technologies (RPCT), Inc. to expedite the approval of the Company's lead industrial product with the United States Navy, major shipyards and other relevant marine industry companies.
Based in Garrison, Virginia, RPCT is a material science-focused company currently engaged in a variety of state-of-the-art corrosion engineering and consulting projects, with long-standing ties with the U.S. Navy.
Flash OFF(TM) was developed by PSVI as a rust inhibitor that not only prevents the rust from forming with significant advantages in performance over competing products, but is biodegradable and safe for the environment. The product is designed to target the estimated $276 billion direct cost of metallic corrosion in the United States from infrastructure and transportation to production and manufacturing. Flash OFF is an environmentally safe product that has shown to be effective at controlling corrosion, reducing cycle times and significantly cutting expenses and other losses resulting from flash rust.
"We are thrilled to have Richard Parks and his company on board with us," said Gary Harrison, Chairman and Chief Executive Officer of Preservation Sciences. "We have obtained numerous coating company approvals for Flash OFF, and are progressing in our initiative to deliver our innovative and competitively advantageous product for the U.S. Navy's critical applications. We believe that Rich, with his thirty-plus years working in the Navy, can provide the guidance we need to secure government approval."
Flash OFF addresses the unique anti-corrosion challenges for naval and ship maintenance and protection.
"Our company is excited about this new technology," said Mr. Parks, President and Chief Executive Officer of RPCT. "After spending my career with the Navy, and particularly in the corrosion group at NAVSEA, I understand the challenge that shipyards have in coating within a four-hour window of time before corrosion begins on unprotected surfaces. Flash OFF eliminates the need to paint so quickly, and therefore can provide the Navy and other end-users tremendous cost savings. The industry is desperately looking to save money, and Flash OFF can be a major cost saving product."
Preservation Sciences delivers timely, high-margin products that provide in-demand, environmentally-friendly solutions to a variety of tier one corporate clients. The Company's international research and development capabilities leverages state-of-the-art facilities to maintain a market edge by integrating healthier alternative into their product lines.
About Preservation Sciences, Inc.
Preservation Sciences is a next-generation environmental research and development company capitalizing on the world-wide demand of eco-friendly products and solutions. The Company has leveraged world class international research and development initiatives to produce an industry-leading intellectual property and product portfolio providing competitively advantageous, healthier and superior solutions for multibillion-dollar agriculture, food and industrial market segments. The Company's product portfolio currently includes the natural food preservatives NuPreserv 2000(TM) and Natural Choice(TM), a first-in-class agricultural antimicrobial product to protect the multibillion dollar citrus industry Canker Kill(TM) from agricultural disease. Industrial products include Flash OFF(TM) and Extend X, both cutting-edge green products that target the $276 billion industrial rust prevention market. PSVI is positioned to capitalize on emerging opportunities from growing consumer demand to create environmentally responsible products.
Statements contained in this press release that are not historical facts are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from the forward-looking statements contained in this release and which may affect the Company's prospects in general.
SOURCE: Preservation Sciences, Inc.
Preservation Sciences, Inc. Emery Ellinger, 727-526-9500 or Financial Communications Trilogy Capital Partners Paul Karon, 800-592-6067 paul*trilogy-capital.com
Copyright Business Wire 2006
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SORD (.42) Exploring New Ethanol Technology
Market Wire "US Press Releases "
DALLAS, TX -- (MARKET WIRE) -- 12/21/06 -- Southridge Enterprises, Inc. (OTCBB: SORD) (the "Company") announces that it has signed a confidentiality and non-circumvention agreement (the "Pearson Agreement") with Pearson Technologies Inc., a Mississippi company that has developed and is perfecting a technology for the production of ethanol using comparatively inexpensive materials as feedstock.
Although the Company is bound by the Pearson Agreement and may not disclose Pearson's proprietary process in detail, there are numerous, advantages to the Pearson technology. These include:
a) The use of inexpensive and commonly found biomass (for example wood based feed stock that may be obtained for the cost of removal);
b) The Pearson process results in the creation of few, if any undesirable byproducts;
c) The process is highly efficient and is characterized by both high rates of energy conservation and conversion; and
d) Plant construction costs are relatively low.
The Pearson process generally uses sawdust, wood chips, or bark as feedstock; however, numerous alternate forms of biomass may be utilized by making only minor adjustments to the process. The net result is a greatly reduced production cost.
Southridge is exploring a number of options with Pearson that include licensing, equity participation with revenue sharing, or any combination. It is expected that this would result in a shorter time-line and reduced cost for Southridge to reach its immediate goals.
Mr. Alex Smid, President, Southridge Enterprises Inc. and Southridge Ethanol, Inc. stated that, "While we move toward plant construction and finalize our exact design parameters, it is important for us to closely monitor technical advancements in ethanol production, particularly by turning our attention to the significant saving offered by alternate and lower cost feedstock. Seemingly minor modifications to our designs at this stage will make the difference between the construction of a modern and efficient ethanol production facility, and a facility that has been constructed without regard for presently available advancements in our industry. For this reason we are very enthusiastic about developing a relationship with an innovative company like Pearson."
About Southridge Enterprises, Inc.
Southridge Enterprises is a renewable energy company with a mission to become the ethanol producer of choice in the southeastern region of the United States. The Company is focusing its efforts in an area which offers abundant supplies of corn, superior transportation infrastructure and expedited permitting processes. The Company is actively acquiring and developing ethanol production facilities and anticipates start-up of the first phase of these operations in 2007. Southridge Enterprises is headquartered in Dallas, Texas. For more information, please visit our website: www.southridgeethanol.com
Notice Regarding Forward-Looking Statements
]This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development of two ethanol production facilities, any related ethanol production capability, or when any ethanol plant may become operational. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission.
On behalf of the Board of Directors, Southridge Enterprises Inc. Alex Smid, President and Director
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NPDI (.20) Announces Operating Results for Blue Heron Aqua Farms
Market Wire "US Press Releases "
BOCA RATON, FL -- (MARKET WIRE) -- 12/21/06 -- Neptune Industries, Inc. (OTCBB: NPDI) announced today that its farming subsidiary, Blue Heron Aqua Farms, LLC, which operates a fish farm in South Florida, attained operational break even in November 2006.
According to Ernest Papadoyianis, President of Neptune, "Our Blue Heron operations generated positive gross revenues from sales resulting in a small gross profit for the month. This is the first time since the disruption to the business resulting from the two hurricanes which struck the farm in 2005 that Blue Heron has achieved a gross profit. We believe we have turned the corner in our operations at Blue Heron and will now work toward overall profitability for the remainder of the fiscal year."
Based in Boca Raton, Florida, Neptune Industries, Inc. has developed a scalable, modular aquaculture technology called Aqua-Sphere(TM) and Aqua-Cell(TM) that successfully address the environmental concerns of most aquaculture operations by controlling and recycling all waste products, while ensuring the production of the highest quality fish at an affordable price. The company currently operates the Blue Heron Aqua Farms in Florida City, FL and is a leading producer of hybrid striped bass, which it markets internationally as Everglades Striped Bass(TM). The company's current production at its Blue Heron farm, and future production with Aqua-Sphere(TM) System technology are intended to target the organic market once such certification is available. For further information, please visit the Company's website at: www.neptuneindustries.net
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact: Sal Cherch 561-638-5974
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SHMM (.31) Signs Letter of Intent to Purchase Adaptive Medical
PrimeZone "PrimeZone "
SPARTANBURG, S.C., Dec. 21, 2006 (PRIME NEWSWIRE) -- Southern Home Medical Equipment, Inc. (Pink Sheets:SHMM) announced today the signing of a letter of intent to purchase Adaptive Medical Upstate, Inc. Adaptive Medical is a durable medical equipment company located in Lyman, S.C. Adaptive Medical had reported revenues of $794,780.00 for year end 2005. The company is expected to finish 2006 with approximate revenues of $900,000.00. Dennis Nowak, Vice President of Southern Home, stated, "The Adaptive Medical team has had steady growth in revenues for 12 years. They bring a lot of knowledge and experience to our team, and we are pleased that they are joining us."
Southern Home Medical is a durable medical equipment operation formed in January 2005, with its principal place of business located in Spartanburg, S.C. Southern Home Medical will be expanding its operations through the acquisition of existing "DME" companies and through the start up of additional sites in strategic locations throughout the Southeastern United States. Southern Home Medical will provide "in-home" and nursing home patients with a complete line of medical equipment to include: oxygen concentrators, semi-electric beds, wheelchairs, CPAPs, BiPAPs, enteral tube feeding, etc.
Mr. Nowak also stated, "This will be our second of many acquisitions and we would encourage those interested in our business strategy to refer to our website at: www.southernhomemedical.com."
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such proclamations about the Company's future expectations, including future revenues and earnings and all other forward-looking statements be subject to the safe harbors created thereby. Southern Home Medical Equipment, Inc. depends on outside resources to maintain its continuation. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
CONTACT: Southern Home Medical Equipment, Inc. Greg Tucker, Pres./CEO (864) 278-8036
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SFTV (.0015) Signs Letter of Agreement to Acquire Stellar Energy Services Dec 21, 2006 9:00:00 AM Copyright Business Wire 2006
SAN DIEGO--(BUSINESS WIRE)--
Titan Energy Worldwide, Inc. (formerly Safe Travel Care, Inc.) (OTCBB:SFTV) announced today that it has signed a conditional letter of agreement to acquire Stellar Energy Services, Inc. (Stellar). Stellar is an authorized dealer and service provider of Generac power generation equipment. The final agreement is conditional upon the completion of due diligence by both parties and an audit of the financial statements of Stellar.
Stellar Energy Services provides sales and support for Generac power generators in the U.S. states of Minnesota, Wisconsin, North and South Dakota, Iowa, and Nebraska. The company offers a full range of gas- and diesel-powered products, including standby power systems; modular power systems; and residential, light commercial and telecommunications systems.
Stated Jeffrey Flannery, CEO of Titan Energy Worldwide, "This proposed acquisition could be a key event for Titan as we seek to expand our marketing base as well as provide additional support for our flagship product, the Sentry 5000. While we need to complete an audit of the company, Stellar appears to be a strong, growing company with facilities and expertise that are a great match for Titan and our future plans."
Titan Energy manufactures the Sentry 5000, a portable utility system that provides up to 80 hours of self-sufficient emergency power generation before refueling. The Sentry 5000 allows for mobile deployment and supports emergency power generation, water purification, satellite voice and data communication, emergency area lighting, space conditioning (heat or cooling), and offers 50kW+ additional power capacity.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of SFTV officials are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature; which depend upon or refer to future events or conditions; or which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future SFTV actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and SFTV has no specific intention to update these statements.
Note to editors: Image available - Titan Sentry 5000
Source: Safe Travel Care, Inc.
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Safe Travel Care Inc. Jeff Flannery 619-342-7449
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DMOIE (.027) Files 3rd Qtr Financials in Preparation to Combine Operations with NewMarket Technology, Inc.
Business Wire "US Press Releases "
BATON ROUGE, La.--(BUSINESS WIRE)--
Diamond I, Inc. (OTCBB: DMOIE) filed its Third Quarter financials and anticipates its stock symbol to change from "DMOIE" to "DMOI" within the next few days. The filing was a necessary step in advancing towards combining the company's operations with NewMarket Technology, Inc.'s (OTCBB: NMKT) Wi-Fi operations.
As previously announced, a letter of intent has been signed with NewMarket Technology to combine Diamond I operations with NewMarket's Wi-Fi operations, creating another NewMarket publicly listed subsidiary. The combined operations will initially have two areas of focus. One area will concentrate on developing the Wi-Fi gaming market opportunity that is just beginning in the gaming industry. The second area will focus on developing the city municipal government Wi-Fi market.
Wi-Fi Expansion Strategy and NewMarket Contribution
The combined companies will consolidate Wi-Fi technology assets and proprietary knowledge and build equity partnerships with other emerging Wi-Fi businesses that can be leveraged to build revenue in a number of market segments. In the reorganization, Diamond I will develop subsidiary companies that concentrate on developing Wi-Fi-specific market segments. Diamond I currently has a subsidiary focused on Wi-Fi-enabled gaming, targeted for deployment on casino properties. A second subsidiary is to be formed to concentrate on bringing Wi-Fi solutions to city municipalities. The parent company will maintain its core Wi-Fi technology assets, which can be applied to develop additional Wi-Fi market segments through focused subsidiaries.
Diamond I and Wi-Fi Gaming
Diamond I, Inc. has been developing a hand-held wireless gaming system for on-premise use by casinos, resorts and restaurants, known as "WiFiCasino GS". In March 2006, Diamond I, Inc. acquired the rights to pending patents relating to voice-recognition, or "voice-print" security technology. The security provided by the company's proprietary "voice-print" technology, coupled with the company's patent-pending "finger-print" biometric security technology, provides a significant competitive advantage when demonstrating that only eligible users are permitted to gamble.
In March 2006, the State of Nevada adopted final regulations implementing Nevada Law AB471, which authorizes the use of mobile communication devices, such as Diamond I's WifiCasino GS wireless gaming system, for gaming in public areas in Nevada casinos. The company completed the final design and three-dimensional model of the first generation of the company's WifiCasino GS that includes proprietary finger-print security technology. In addition, an application for the WifiCasino GS from the Nevada Gaming Commission is being prepared. Significantly, the company signed a letter of intent with The Palms Resort and Casino, a premier Las Vegas property, wherein The Palms has agreed to continue to develop a working relationship with the WifiCasino GS wireless gaming system. Internationally, the company entered into a strategic alliance with Viking Productions, a marketing and promotions firm with a presence in Jamaica, to introduce the WifiCasino GS to venues associated with the Jamaican hotel and tourism industries. The company is also exploring potential opportunities in the cruise and horse racing industries.
Diamond I, Inc. also recently executed an agreement to acquire Touchdev Limited, a developer of an array of internally-derived and copyrighted gaming software products, with wireless PDA and cellular-phone-based capabilities. Touchdev has created 12 different games, including Texas Hold'em Poker.
About Diamond I, Inc. (www.wificasino.net)
Diamond I owns the rights to patent-pending voice-recognition and finger-print biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premise use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Source: NewMarket Technology, Inc.
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GSAC (.11) Announces Agreement With Leading Catalog Marketing Company
Market Wire "US Press Releases "
ST. PAUL, MN -- (MARKET WIRE) -- 12/21/06 -- GelStat Corporation (PINKSHEETS: GSAC), a consumer healthcare company primarily focused on the development and marketing of over-the-counter (OTC) products for the safe and effective treatment of pain and inflammation, is pleased to announce that it has signed an agreement with Catalog Solutions, the oldest commissioned sales rep agency specializing in placing products in mail order catalogs.
John Galayda, Managing Director of GelStat's business development team U.S. Marketing, stated, "This is another significant achievement for the Company, and provides another sales channel for GelStat products that requires minimal marketing expense by GelStat. I have worked with Catalog Solutions for many years, and believe they are an ideal partner to expand our presence in American households. This new effort is expected to place GelStat products into catalogs that reach millions of consumers with virtually no up-front cost to GelStat, representing new market penetration, increased consumer awareness, and additional revenues for the Company."
ABOUT CATALOG SOLUTIONS
Catalog Solutions, Inc. is the oldest commissioned sales rep agency specializing in the matching of products with mail order catalogs. Catalog Solutions continually updates its list of over 3,200 active mail order catalogs and has developed a special working relationship over the past 26 years with over 450 of the better-known mail catalogers. The company has a seasoned staff of catalog marketers who work to identify target customers and effectively place products into the mail order catalogs that provide the best opportunity to sell a specific product. Catalog Solutions also specializes in the "Top 70 Health, Beauty and Vitamin" and the "Top 100 Gift and Gadget" mail order catalogs. For more about Catalog Solutions visit: www.catalog-solutions.com.
ABOUT GELSTAT CORPORATION
GelStat Corporation is dedicated to providing safe and effective over-the-counter (OTC) treatments for pain and inflammation. GelStat's first product, GelStat Migraine, is sold nationwide through retail chain stores, independent retailers and pharmacies, and direct to consumer channels. GelStat Migraine is a sublingually (under the tongue) administered OTC medication for acute relief from the pain and associated symptoms of migraine. Over 90 percent of the 30 million Americans with migraine use OTC headache remedies, generally aspirin or other non-steroidal anti-inflammatory drugs. Americans spend $2.6 billion each year on 600 million units of such products, although they are believed to be effective for only about 25 percent of those with moderate to severe migraine.
Click the following links to view supporting information on the effectiveness of GelStat Migraine:
Initial Clinical Trial of GelStat Migraine Shows it to be Effective for 83 Percent of those with Moderate to Severe Migraine
GelStat is Effective in Relieving Migraine Pain in a Double-Blind, Placebo-Controlled study
2 Minute Video Demonstrating the Product and its Successful Treatment of a Migraine Headache
The Company also has a suite of additional, effective healthcare products that address large consumer markets. GelStat(TM) Arthritis is the second available product to utilize GelStat's patent-pending formulation and is provided as a daily use, sublingual dissolving tablet. The Center for Disease Control estimates that, in its many forms, arthritis affects up to 70 million Americans. The Company has also developed "GelStat(TM) Sinus" and "GelStat(TM) Sleep," and believes that each of these products performs well and is effective for its intended use. The National Institute of Allergy and Infectious Disease estimates that 37 million Americans are affected by sinusitis every year, with at least 20 million more suffering from allergies. Approximately 70 million Americans are reported to be "problem sleepers."
Safe Harbor Statement Under the Private Securities Litigation Act of 1995
With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of GelStat could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors, please review our SEC filings.
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GLOW (.29) Inks Deal Worth Approximately $27K in Monthly Recurring Revenue
Business Wire "US Press Releases "
HILLSIDE, N.J.--(BUSINESS WIRE)--
Glowpoint, Inc. (OTC:GLOW.PK), a leading broadcast-quality, IP-based managed video service provider, announced that a global financial services company has contracted with Glowpoint for managed video services at six locations in the U.S., one in Canada, and eight overseas in U.K., Sydney and Melbourne (Australia), Hong Kong, Madrid, Israel, Ireland, and Tokyo. The customer is a specialized brokerage firm that partners with clients globally to provide innovative solutions spanning the entire trading process. The firm is headquartered in New York and maintains offices in North America, Europe, and the Asia Pacific regions.
This customer had determined they wanted to find a service provider that didn't just offer bandwidth. Like many customers, this firm initially had four locations on a paid-pilot basis and decided to expand after experiencing the high-quality and superior service offered by Glowpoint. The decision to expand was accelerated due to a very positive experience by the firm's senior executives during random video calls earlier this month. The executives were able to easily connect video calls and conduct meetings using Glowpoint's service, prompting them to approve a full rollout.
"This was a particularly satisfying win, because we went head-to-head against some major global network providers during the RFP process," said Joe Laezza, Glowpoint's Chief Operating Officer. "In the end, the customer elected a comprehensive solution that provided a completely managed video service, not just network bandwidth. Glowpoint's suite of services, bundled with our ability to deliver a high-quality network on a global basis, continues to be a winning combination."
About Glowpoint
Glowpoint, Inc. (OTC: GLOW.PK) is a world-leading broadcast-quality, IP-based video-managed service provider. Glowpoint offers videoconferencing, bridging, technology hosting, and IP-broadcasting services to a vast array of companies, from large Fortune 100 enterprises to small and medium-sized businesses. Glowpoint's managed-video services are available bundled with Glowpoint's quality-network offering or as a value-added managed-video service across other networks. Glowpoint is exclusively focused on quality two-way video communications and has been supporting millions of video calls since its launch in 2000. Glowpoint is headquartered in Hillside, New Jersey. To learn more about Glowpoint, visit www.glowpoint.com.
The statements contained herein, other than historical information, are or may be deemed to be forward-looking statements and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. These factors, risks, and uncertainties include market acceptance and availability of new video communication services; the nonexclusive and terminable-at-will nature of sales agent agreements; rapid technological change affecting demand for our services; competition from other video communications service providers; and the availability of sufficient financial resources to enable us to expand our operations, as well as other risks detailed from time to time in our filings with the Securities and Exchange Commission.
Source: Glowpoint, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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HCPC (.045) Signs Letter of Intent to Merge with London Based Insurance Company
Business Wire "US Press Releases "
WILMINGTON, Del.--(BUSINESS WIRE)--
Heritage Capital Credit Corporation (OTC:HCPC) together with a related financial guaranty company First Life Financial Corporation (FLFC) announce that they have signed a non-binding Letter of Intent to merge with a London Based insurance company to form an insurance holding company based in the United States.
The new company is expected to have three divisions - a lending unit, Independent Capital Credit Corporation (ICCC); an insurance group located in the United States, FLFC; and a London based insurance unit.
FLFC will write insurance guaranty policies for transactions of the new company including the special purpose entities which will fund the proprietary BCLOC Loans originated by the lending unit. The London based insurance unit will write residual value insurance for existing financial products as well as design structured finance models for new financial products.
The new company is expected to provide a substantially larger balance sheet than existed for Heritage and with that strength the new company is expected to fund in 2007 the $740 million in ICCC's BCLOC contractual obligations.
This press release may contain forward-looking statements within the meaning of federal securities laws that involve significant risk and uncertainties. The words "estimate," "possible," "seeking," and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risk and uncertainties, some of which cannot be predicated or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risk.
Source: Heritage Capital Credit Corporation
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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PLMA (.007) Sets Dividend Date and Details for The BlackHawk Fund
PR Newswire "US Press Releases "
CARLSBAD, Calif., Dec. 21 /PRNewswire-FirstCall/ -- Palomar Enterprises, Inc. (OTC Bulletin Board: PLMA), announced today, that the dividend date for shareholders of record will be January 31st, 2007. Under the terms of the dividend, each shareholder of PLMA will receive shares of The BlackHawk Fund (OTC Bulletin Board: BHWF).
"This is the first of several planned dividends that will be paid to shareholders in 2007. Aside from The BlackHawk Fund, our new Real Estate Fund will also be paid out as a dividend later in 2007. In addition to these dividends, we will spin out businesses from each fund which will also have their own dividends paid out to shareholders" stated Palomar Enterprises. "Our plan is growth of shareholder and Company value through ownership of Palomar Enterprises. We will announce the details regarding our new Real Estate Fund early in January of 2007. We are very excited about the new direction of our business and expect a great deal of growth not only in revenues and profits, but also in acquisition of properties and the growth of our funds during 2007."
About Palomar Enterprises
Palomar Enterprises is a Real Estate holding company that focuses on two primary business; real estate development and foreclosures as well as setting up Funds as holding companies for their businesses. Essentially Palomar is a layered company with companies within the Company. Palomar's primary objective is growth of all held companies and shareholder appreciation through ownership of Palomar's common stock which leads ultimately to ownership in all companies under their "umbrella" through spin-offs.
About The BlackHawk Fund
The BlackHawk Fund (OTC Bulletin Board: BHWF) will be spun off into its own publicly-traded entity and a dividend paid to our shareholders of record. The BlackHawk Fund (http://www.blackhawkfund.com) operates as a Business Development Company, by incubating, developing, and acquiring Portfolio Companies that are synergistic with The Company's business model. The BlackHawk Fund takes a lead role in the financing, development, and management of these Portfolio Companies in return for a majority equity interest in each company. Once the Portfolio Company has succeeded in its business plan, The BlackHawk Fund will assist in the process of taking the Portfolio Company public. This will enable the portfolio company that is spun out to obtain a higher market valuation for the equity position held by The BlackHawk Fund. As mentioned in our November 28th, 2006 news release, a dividend in each one of the portfolio companies will be paid to shareholders. At this time, The BlackHawk Fund has signed a Business Development Agreement with Maximum Impact Television Group. The BlackHawk Fund will receive 100% of the revenue and share in the profits from all media properties produced with Maximum Impact, which had annual sales of $13 million last fiscal year. Maximum Impact Television Group has several media properties and cable television shows that will be acquired and spun off into their own publicly traded entities by The BlackHawk Fund.
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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SVAP (.10) American Basketball Association, Inc. and SVAP Announce Merger
Business Wire "US Press Releases "
SALT LAKE CITY & INDIANAPOLIS--(BUSINESS WIRE)--
Souvall-Page and Company, Inc. (the "Company") (OTCBB: SVAP), and American Basketball Association, Inc., an Indiana corporation ("ABA"), announced that they have closed a merger and completed equity financing. As a result of the merger, the officers and directors of ABA will also become the officers and directors of the Company and the shareholders of ABA will continue to control the Company. The name of the Company will be changed to American Basketball Association.
"The ABA offers exciting, high-quality professional basketball and entertainment at affordable prices," said Joe Newman, CEO. "Teams in the ABA consist of former NBA players, top Division I, II & III players and international players," explained Newman, and "team owners include former NBA, NFL, and MLB players as well as entertainers, attorneys, physicians, clergy and businesspeople."
For more information about the league and ABA teams, visit www.abalive.com.
About American Basketball Association, Inc.
American Basketball Association, Inc. is an Indiana corporation that is engaged in operating a professional basketball league composed of teams in the United States, Canada and Mexico. ABA also markets league-related merchandise and other products and is developing or expanding media outlets and ancillary entertainment businesses that complement the league's operations.
About Souvall-Page
Souvall-Page has no current business operations or assets; its current sole business has been to seek to acquire, by formation, acquisition, merger or reorganization, a business enterprise that will be beneficial to it and its stockholders.
SAFE HARBOR
This release contains forward-looking statements. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. The Company does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information.
Source: Souvall-Page and Company, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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